The forecasted data for tourism consumption of country-specific tourism characteristic goods in Malaysia shows a steady increase from 2024 to 2028. In 2023, the actual value stood at 85 billion Malaysian Ringgits. The year-on-year percentage growth is as follows:
• 2025: 5.5% increase
• 2026: 5.15% increase
• 2027: 4.86% increase
• 2028: 4.6% increase
The compound annual growth rate (CAGR) over the five-year period is approximately 5.03%.
Future trends to watch for include potential impacts of global economic fluctuations, changes in tourism policies, and the development of new tourist attractions. Additionally, advancements in digital tourism services and marketing strategies could further influence consumption patterns positively.
